The real beauty of real estate is that you can benefit from appreciation while also using depreciation to reduce your taxable income.Other powerful concepts many investors miss include strategically timing capital gains to be offset, leveraging 1031 exchanges, and using creative financing strategies to keep your portfolio growing.And like Janet mentioned, it really depends on several moving parts, your other income sources, where you are in your investment journey, and what other investments or businesses you have.

I looked at York 20 years ago, beautiful old properties were so inexpensive and with what felt like great potential but too far in the future for my  needs at the time.

Dont get me wrong the home is beautiful and its great to live in but not an exciting experience for vacation.

Thank you so much for these beautiful advices Do you recommend me some more book ?

I found a beautiful rural property far below market value but it has a hand dug well.

@Warren Beatty The beauty of real estate is that there’s more than one right way to start.

It is a beautiful city.

@Rick Albert That's also the beauty of buy and hold cashflow positive real estate with good debt.

Beautiful Countrry...Goodnight,  I grew up on the Northern Beaches.Queenscliff and Manly God's country mate hehe

That sounds like a beautiful area and a fun opportunity.